M&A Deal Summary

Peoples Natural Gas Acquires Delta Natural Gas

On February 21, 2017, Peoples Natural Gas acquired energy services and equipment company Delta Natural Gas

Acquisition Highlights
  • This is Peoples Natural Gas’ 1st transaction in the Energy Services and Equipment sector.
  • This is Peoples Natural Gas’ 2nd transaction in the United States.
  • This is Peoples Natural Gas’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2017-02-21
Target Delta Natural Gas
Sector Energy Services and Equipment
Buyer(s) Peoples Natural Gas
Deal Type Add-on Acquisition
Advisor(s) Tudor, Pickering, Holt & Co., LLC (Financial)
Stoll Keenon Ogden (Legal)

Target

Delta Natural Gas

Winchester, Kentucky, United States
website
Delta Natural Gas Co., Inc. is a provider of premier natural gas services.

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Buyer(S) 1

Buyer

Peoples Natural Gas

Pittsburgh, Pennsylvania, United States

website

Category Company
Sector Utilities
DESCRIPTION

Peoples Natural Gas Co. is a provider of natural gas service to approximately 700,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Equitable Gas Company

Pittsburgh, Pennsylvania, United States

Equitable Gas is a natural gas pipeline. Company distributes natural gas to residential, commercial, and industrial customers in southwestern Pennsylvania, north central West Virginia, and eastern Kentucky.

Buy $720M
Mergr

Product

Company

Legal